{"id":1004127177,"date":"2015-09-10T05:59:29","date_gmt":"2015-09-10T13:59:29","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360516"},"modified":"2020-04-30T10:26:47","modified_gmt":"2020-04-30T18:26:47","slug":"greystone-facilitates-sale-of-senior-housing-community-in-mesa","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\/","title":{"rendered":"Greystone Facilitates Sale of Senior Housing Community in Mesa"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Greystone<\/a> has announced that its Real Estate Advisors group has arranged the sale of Courtyard Towers<\/a>, a 175-unit senior housing community located in Mesa, Ariz.<\/p>\n

\"Cody-Tremper-Greystone-Real-Estate-Advisors\"<\/a><\/p>\n

Cody Tremper, Greystone Real Estate Advisors<\/p>\n<\/div>\n

Sierra Capital<\/a> paid $20.8 million to acquire the property from Harrison Street Real Estate Capital<\/a>. The transaction closed on June 30.<\/p>\n

Courtyard Towers was originally built in 1985, and then converted into a senior housing property in 1997. Today, the community offers a mix of 22 independent living units, 123 assisted living units, and 30 memory care units.<\/p>\n

Cody Tremper, a managing director of Greystone Real Estate Advisors, led the sale for Harrison Street Real Estate Capital.<\/p>\n

“Courtyard Towers offers a diverse range of lifestyle options and amenities for the seniors demographic group, which will ensure the community sees high occupancy for many years to come,” Tremper said in prepared remarks.<\/p>\n

Meanwhile, Brian Glover of Sierra Capital, led the partnership which acquired the asset and retained Frontier Management<\/a> to provide management services. The appointment marks the fourth property Frontier is managing in Arizona.<\/p>\n

“This in an exceptional property with significant potential and has the features that make it very successful,” Glover stated.<\/p>\n

Greystone Real Estate Advisors Inc. provides services in sales and acquisitions of seniors housing property types including independent living, assisted living, memory care and skilled nursing. The team offers a full spectrum of advisory services including debt, equity, acquisition, and investment sales to funds, private equity groups, regional and national operators, not-for-profit owners and healthcare REITs.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new owner has emerged for Courtyard Towers, a 175-unit senior housing community in Mesa.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004127177","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"\nGreystone Facilitates Sale of Senior Housing Community in Mesa - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystone Facilitates Sale of Senior Housing Community in Mesa\" \/>\n<meta property=\"og:description\" content=\"A new owner has emerged for Courtyard Towers, a 175-unit senior housing community in Mesa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-10T13:59:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T18:26:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Cody-Tremper-Greystone-Real-Estate-Advisors.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Greystone Facilitates Sale of Senior Housing Community in Mesa\",\"datePublished\":\"2015-09-10T13:59:29+00:00\",\"dateModified\":\"2020-04-30T18:26:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\\\/\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Cody-Tremper-Greystone-Real-Estate-Advisors.jpg\",\"articleSection\":[\"News\",\"Phoenix\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-facilitates-sale-of-senior-housing-community-in-mesa\\\/\",\"name\":\"Greystone Facilitates Sale of Senior Housing Community in Mesa - 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